Scientific Energy Inc (SCGY) Financial Statements (2024 and earlier)

Company Profile

Business Address ROOM M, 21F, TONG NAM A COMMERCIAL CTR
MACAU, 00000
State of Incorp. UT
Fiscal Year End December 31
Industry (SIC) 6794 - Patent Owners and Lessors (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,1642,5521,3321,3662,6782,896
Cash and cash equivalents3,1642,5521,3321,3662,6782,896
Receivables2,2979452,0621,7122,5102,399
Inventory, net of allowances, customer advances and progress billings681147180108149
Inventory681147180108149
Prepaid expense646261549546637279
Deferred costs(922)(873)(900)(901)(870) 
Intangible current assets1,4231,2481,0179931,0091,040
Other undisclosed current assets6091,7852,1531,9981,491926
Total current assets:7,2846,0316,2845,7947,5627,689
Noncurrent Assets
Property, plant and equipment1927865717984
Intangible assets, net (including goodwill)74,09172,91372,68172,65772,67471,665
Goodwill72,66871,66571,66571,66571,66571,665
Intangible assets, net (excluding goodwill)1,4231,2481,0179931,009 
Prepaid expense146349351350353322
Other noncurrent assets236254339427516471
Other undisclosed noncurrent assets      1,040
Total noncurrent assets:74,66573,59473,43673,50573,62073,581
TOTAL ASSETS:81,94979,62579,72079,29981,18381,271
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7,7777,1167,3537,8119,5889,132
Accounts payable5,0774,9945,1525,2586,8056,302
Accrued liabilities2,6992,1222,2012,5542,7832,829
Debt2,2409748485061,493 
Other liabilities188249304334348285
Due to related parties2020
Other undisclosed current liabilities3,0721,9592,5802,2881,9193,326
Total current liabilities:13,27610,29811,08510,93913,36712,762
Noncurrent Liabilities
Long-term debt and lease obligation 19657676693717730
Long-term debt, excluding current maturities 19657676693717730
Other undisclosed noncurrent liabilities4853593168185
Total noncurrent liabilities:67663710786885915
Total liabilities:13,34310,96111,79511,72514,25213,678
Equity
Equity, attributable to parent69,18768,80968,07867,72967,09267,743
Common stock2,6332,6332,6332,6332,6332,633
Additional paid in capital78,46178,46178,46178,46178,46178,461
Accumulated other comprehensive income407458213313
Accumulated deficit(11,947)(12,359)(13,074)(13,386)(14,035)(13,364)
Equity, attributable to noncontrolling interest(581)(145)(153)(154)(161)(149)
Total equity:68,60668,66467,92567,57566,93167,593
TOTAL LIABILITIES AND EQUITY:81,94979,62579,72079,29981,18381,271

Income Statement (P&L) ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues10,3199,7489,6739,21811,04111,250
Cost of revenue(5,284)(5,124)(5,401)(5,288)(7,028)(7,638)
Gross profit:5,0354,6244,2723,9304,0133,612
Operating expenses(4,874)(3,878)(3,949)(3,265)(4,745)(4,180)
Operating income (loss):161746322664(732)(568)
Income (loss) from continuing operations before equity method investments, income taxes:161746322664(732)(568)
Other undisclosed income (loss) from continuing operations before income taxes (25)(14)(9)(9)50(10)
Income (loss) from continuing operations before income taxes:136732313656(682)(577)
Income tax expense (0)(9)   (0)
Other undisclosed income from continuing operations     0 
Income (loss) from continuing operations:136724313656(682)(578)
Loss before gain (loss) on sale of properties:(578)
Other undisclosed net loss      
Net income (loss):136724313656(682)(578)
Net income (loss) attributable to noncontrolling interest275(8)(1)(7)1115
Net income (loss) available to common stockholders, diluted:412716312649(671)(562)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):136724313656(682)(578)
Comprehensive income (loss):136724313656(682)(578)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest275(8)(1)(7)1115
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:412716312649(671)(562)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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